John Malone Buys 1,000 Shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the acquisition, the director directly owned 2,559,752 shares of the company’s stock, valued at $66,553,552. This trade represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

GCI Liberty, Inc. – Series C GCI Group Price Performance

GCI Liberty, Inc. – Series C GCI Group stock opened at $26.02 on Wednesday. The company has a market cap of $932.82 million and a P/E ratio of -2.31. GCI Liberty, Inc. – Series C GCI Group has a one year low of $19.30 and a one year high of $41.17. The business has a fifty day moving average of $22.58 and a two-hundred day moving average of $29.86. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.75). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%. As a group, analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GLIBK. Zacks Research cut shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $30,000. Fifth Third Bancorp acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the first quarter worth about $38,000. Versant Capital Management Inc raised its position in GCI Liberty, Inc. – Series C GCI Group by 2,965.3% during the second quarter. Versant Capital Management Inc now owns 2,207 shares of the company’s stock worth $48,000 after acquiring an additional 2,135 shares during the last quarter. Highlander Partners L.P. purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at about $63,000. Finally, State of Wyoming purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at about $73,000.

About GCI Liberty, Inc. – Series C GCI Group

GCI Liberty Inc is an American holding company whose principal operating asset is a majority ownership interest in General Communication Inc, the largest integrated telecommunications provider in the state of Alaska. GCI Liberty was formed in December 2019 as a tracking stock of Liberty Interactive Group to hold certain communications and digital media investments. Its shares trade on the NASDAQ under the ticker symbol GLIBK.

Through its subsidiary, the company delivers high-speed broadband internet, cable and direct-to-home video distribution, fixed voice, and mobile wireless services to residential customers across Alaska.